Nitin Gadkari visited the San Francisco Tesla factory, and offered to promote joint ventures between Tesla and Indian auto companies to ensure the entry of pollution free car transport on Indian roads. Tesla could potentially make India its Asian manufacturing hub, he said. Firstpost
Airtel and Idea have cut prices of their data offerings by 60% by adding additional benefits and data services to existing packs. Analysts expect data prices to fall by 15-20% with the entry of Jio. BS
The Enforcement Directorate is investigating a fresh complaint by United Spirits against Vijay Mallya. The company says Mallya violated foreign exchange and anti-money laundering laws for funds of about Rs. 900 crore. ET
Inflation pressures are escalating, RBI Governor Raghuram Rajan said, indicating that there would be no rate cut coming from the bank in August. A good monsoon should revive the rural economy and consumer demand, he added. LiveMint
Photo of the Day: Indians evacuated from South Sudan on an Indian Airforce aircraft arrive in Delhi. Reuters
